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Agriculture loan
Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.
LT0001477
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 159.77 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 176,442.00 € | 153,089.00 € |
| Net profit | 63,125.00 € | 49,796.00 € |
| Equity ratio | 51.04% | - |
Documents
Payment schedule
The family farm started in 2011 and focused on livestock farming from the very beginning. Today the farm has around 70-80 Simmental beef cattle. In addition to the cattle, the project owner is also involved in small-scale crop farming, and family members actively contribute to the maintenance of the farm. The company uses a variety of implements to ensure the functionality of the farm, and is now looking to purchase an Iveco Daily truck for transporting feed.
The company owns 159,77 ha of land.
This is not the first project of UAB Simentalai on the HF platform, a loan of EUR 102 254 (collateral value of EUR 223 547,50) was granted for the purchase of the machinery, the balance of which is EUR 68 521,94, and the payments are being made on time.
Project risks
For this project, there is a risk of losing all the profits made and the funds invested.
In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.
Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
Additional information:
If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.